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Coffee Day appoints late founder V G Siddhartha's wife as CEO

Daughter of former Karnataka chief minister SM Krishna, she was earlier non-exec director at the firm; has been named at a time when the company's growth continues to decline

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Earlier this year, Malavika Hegde wrote a letter to the group’s employees mentioning that she was trying to maintain the legacy of the company that her husband V G Siddhartha had built.

Samreen Ahmad Bengaluru

2 min read Last Updated : Dec 07 2020 | 11:51 PM IST

Coffee Day Enterprises, the owner of the Cafe Coffee Day chain, has appointed founder and former chairman VG Siddhartha's wife Malavika Hegde as its chief executive officer.

“Malavika Hegde, Director of the Company, has been appointed as Chief Executive Officer of the Company with effect from December 7, 2020,” said the company in a BSE filing on Monday.

Daughter of former Karnataka chief minister SM Krishna, she was earlier the non-executive director at the company and has been appointed at a time when the company continues to see a decline in growth.

The Bengaluru-based company had reported a revenue of

Topics : V G Siddhartha Coffee Day Enterprises BSE

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